Incorporated in 2002, Syncom Healthcare Ltd is a pharmaceutical company based in central India. Syncom is in the business of manufacturing, marketing & trading of pharmaceuticals formulations under its own brands of Ethical, OTC, Generic and Herbal market segment. Syncom have over 250 products available in various dosage forms including Tablets, Capsules, Liquids, Ointments, Eye/Ear Drops, Dry Syrup, Herbal Products, Protein Powder and External Preparations.
Apart from their own Marketing setup (OTC, Generics and Ethical Divisions), Syncom Healthcare is also a leading Contract Manufacturing company catering to various domestic and multinational companies. Syncom have a range of over 400 products and can develop customized products as per the needs of the customer and deliver the products at short notice. Syncom Healthcare manufacturing premises spans is over 1,25,000 sq.fts.
The proceeds of the issue are proposed to be utilized for its various expansion plan which include setting up of a new manufacturing unit at Indore SEZ for manufacturing various pharmaceutical formulations, undertaking various upgradation/modernization of manufacturing facilities at Dehradun plant and to set up an export office at Mumbai.
1. Mr. Ajay Bankda, aged 48 years has completed his Master of Commerce in the year 1981 from the Vikram University, Ujjain. Since 2002 he is working as Managing Director of Syncom Healthcare Limited.
2. Mrs. Jyoti Bankda, aged 42 years has completed her SSC examination in the year 1982 from Maharashtra State Board of Secondary & Higher Secondary Education, Pune.
| Particulars | For the year/period ended (Rs. in Lacs) | ||||
| 31-Jul-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 2067.80 | 6056.49 | 5495.28 | 3072.59 | 1933.35 |
| Profit After Tax (PAT) | 160.19 | 378.04 | 366.52 | 274.48 | 24.37 |
The objects of the Issue are:
1. To set up our new manufacturing unit at Indore SEZ for manufacturing of various pharmaceuticals formulations;
2. To undertake the upgradation/modernization of manufacturing facilities at Dehradun Plant;
3. To Meet Working Capital Requirements;
4. To set up an Export Office at Mumbai;
5. To undertake “Brand & Product Registration and Approval”;
6. To meet General Corporate Purpose; and
7. To meet Issue Expenses.
| IPO Opening Date | Jan 27, 2010 |
| IPO Closing Date | Jan 29, 2010 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹65 to ₹75 per equity share |
| Market Lot | 90 Shares |
| Min Order Quantity | 90 Shares |
| Listing At | BSE, NSE |
| Issue Size | 7,500,000 Eq Shares of ₹10 (aggregating up to ₹56.25 Cr) |
The Syncom Healthcare IPO market lot size is 90 shares. A retail-individual investor can apply for up to 29 lots (2610 shares or ₹195,750).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 90 | ₹6,750 |
| Maximum | 29 | 2610 | ₹195,750 |
CARE has assigned an IPO Grade 2 to Syncom Healthcare IPO. This means as per CARE, company has Below Average Fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CARE IPO Grading Document for Syncom Healthcare IPO.
The Syncom Healthcare IPO is subscribed 5.17x times on Jan 29, 2010 17:00. The public issue subscribed 6.25x in the retail category, 0.99x in the QIB category, and 16.60x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 0.99x |
| NII | 16.60x |
| RII | 6.25x |
| Total | 5.17x |
| Listing Date | Monday, February 15, 2010 |
| BSE Script Code | 533157 |
| NSE Symbol | SYNCOM |
| Listing In | B |
| ISIN | INE602K01014 |
| IPO Price | ₹75 per equity share |
| Face Value | ₹10 per equity share |
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Syncom Healthcare Limited
221, Vyapar Bhawan,
P.D'Mello Road,
Mumbai - 400009
Phone: +91-22-23725193
Email: ipo@syncomhealthcare.com
Website: http://www.syncomhealthcare.com
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: syncom.ipo@intimespectrum.com
Website: http://www.linkintime.co.in
Syncom Healthcare IPO is a main-board IPO of 7,500,000 equity shares of the face value of ₹10 aggregating up to ₹56.25 Crores. The issue is priced at ₹65 to ₹75 per equity share. The minimum order quantity is 90 Shares.
The IPO opens on Jan 27, 2010, and closes on Jan 29, 2010.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Syncom Healthcare IPO opens on Jan 27, 2010 and closes on Jan 29, 2010.
Syncom Healthcare IPO lot size is 90 Shares and the minimum order quantity is 90 Shares.
You can apply in Syncom Healthcare IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Syncom Healthcare IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Syncom Healthcare IPO allotment status.
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